- Revolving working capital facility of USD 5 million available with immediate effect
- Facility provided by Japanese trading company who will supply purchasing and financing services to Heliocentris for selected Turnkey Projects at a low single digit commission rate
- Facility will support strong revenue growth ahead in second half of 2015 and is non-dilutive to equity
Heliocentris Energy Solutions AG (ISIN DE000A1MMHE3), which is listed in the Prime Standard of the Frankfurt Stock Exchange, has received USD 5 million working capital facility from a Japanese Trading Company. With immediate effect and for selected customer projects, the Japanese procurement partner will purchase key components such as batteries, diesel generators and solar modules. The partner will pay the suppliers upon delivery and sell the material to Heliocentris with extended payment terms, matching those of Heliocentris' end-customers. Payment terms of up to 12 months are possible. For their services the Trading Company will charge a low single digit percentage commission rate on the value of components purchased. The revolving working capital facility is available for up to a total volume of USD 5 million and unlimited in duration. An extension beyond the USD 5 million is intended after the successful completion of initial projects.
Ayad Abul-Ella, CEO of Heliocentris Energy Solutions AG, commented: "We are expecting strong revenue growth in the second half of the year and are delighted to be able to finance the additional working capital needs with such a cost effective and non-dilutive instrument."
About Heliocentris Energy Solutions AG
Heliocentris Energy Solutions AG is a leading technology provider of energy management systems and hybrid power solutions for distributed stationary industrial applications, as well as of products and solutions for education, training and applied research purposes in the field of fuel cells, solar, wind and hydrogen energy technologies. Heliocentris' energy management systems creates intelligent, remote controlled, reliable and highly efficient hybrid energy solutions from diverse components such as batteries, photovoltaic modules, conventional diesel generators and fuel cells. The solutions reduce CO2 emissions by an average of 50% and operating costs by up to 60% compared to conventional energy solutions for mobile telecommunications base stations. Heliocentris' fuel cell systems ensure uninterrupted power supply with long runtimes to critical infrastructure such as TETRA base stations, back-bone sites in mobile networks and server stations. The Company employs at present around 185 people and is headquartered in Berlin with offices in Munich, Stuttgart, Dubai, Yangon, Vancouver and Johannesburg. Heliocentris AG's shares are traded in the Prime Standard of the Frankfurt Stock Exchange under the security identification number A1MMHE. Further information is available at www.heliocentris.com.
Heliocentris Energy Solutions AG
Rudower Chaussee 29
Tel. +49 (0)30 340 601 500
Fax +49 (0)30 340 601 599